WILLIAM DONALD SCHAEFER, Governor                         Ch. 287

Chapter 593 of the Acts of 1989, as amended by Chapter 333 of the Acts of 1991

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1)     The Board of Public Works may borrow money and incur indebtedness on
behalf of the State of Maryland through a State loan to be known as the Babe Ruth
Museum Loan of 1989 in the total principal amount of $300,000. This loan shall be
evidenced by the issuance, sale, and delivery of State general obligation bonds authorized
by a resolution of the Board of Public Works and issued, sold, and delivered in
accordance with §§ 8-117 through 8-124 of the State Finance and Procurement Article
and Article 31, § 22 of the Code.

(2)     The bonds to evidence this loan or installments of this loan may be sold as a
single issue, or may be consolidated and sold as part of a single issue of bonds under §
8-122 of the State Finance and Procurement Article.

(3)     The cash proceeds of the sale of the bonds shall be paid to the Treasurer and
first shall be applied to the payment of the expenses of issuing, selling, and delivering the
bonds, unless funds for this purpose are otherwise provided, and then shall be credited on
the books of the Comptroller and expended, on approval by the Board of Public Works,
for the following public purposes, including any applicable architects' and engineers' fees:
as a grant to the Babe Ruth Museum in Baltimore City for the [expansion and renovation
of the Museum] DESIGN AND CONSTRUCTION OF THE BABE RUTH BASEBALL
CENTER AT CAMDEN STATION IN BALTIMORE CITY, INCLUDING THE RENOVATION,
REPAIR, AND RECONSTRUCTION OF THE INTERIOR OF CAMDEN STATION.

(4)     An annual State tax is imposed on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest on the bonds, as and when due
and until paid in full. The principal shall be discharged within 15 years after the date of
issue of the bonds.

(5)     Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the Babe Ruth Museum shall provide at least an
equal and matching fund of $300,000. No part of an applicant's matching fund may be
provided, either directly or indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of real property, in kind contributions,
or funds expended prior to the effective date of this Act. In case of any dispute as to what
money or assets may qualify as matching funds, the Board of Public Works shall
determine the matter, and the Board's decision is final. The Babe Ruth Museum has until
June 1, 1992. to present evidence satisfactory to the Board of Public Works that the
matching fund will be provided. If satisfactory evidence is presented, the Board shall
certify this fact to the State Treasurer and the proceeds of the loan shall be expended for
the purposes provided in this Act. If this evidence is not presented by June 1, 1992, the
proceeds of the loan shall be applied to the purposes authorized in § 8-129 of the State
Finance and Procurement Article.

(6)     (a) The Babe Ruth Museum shall grant and convey to the Maryland
Historical Trust a perpetual preservation easement to the extent of its interest:

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